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Which Legal Entities Are Subject to Reporting Obligations under the Legal Entity Transparency Act (LETA)?

Summary

Which entities are subject to the Swiss transparency register obligations? This overview outlines key categories, exemptions and international aspects. The full legal analysis is available in the Transparency Register Hub.

The new transparency legislation significantly expands the scope of reporting entities. While many assume that only traditional Swiss companies are affected, the reality is broader: certain foreign entities may also fall within the scope of the law.

The decisive factor is not only the legal form, but the actual connection to Switzerland. At the same time, previous exemptions are partly abolished, bringing previously privileged structures into scope.

Read the full article with a detailed breakdown of reporting entities, exemptions and cross-border implications.

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Rechtliches

Which Swiss legal entities are subject to the Legal Entity Transparency Act (LETA)?

LETA applies to virtually all legal entities under Swiss private law, including AGs (joint-stock companies), GmbHs (limited liability companies), partnerships limited by shares, cooperatives, SICAVs, SICAFs, and limited partnerships for collective investment schemes. All these entities must identify and report their beneficial owners.

Rechtliches

Are foreign legal entities also subject to LETA?

Yes. Foreign entities are subject to LETA if they have a relevant connection to Switzerland, such as effective management carried out in Switzerland, ownership of Swiss real estate, or the operation of a branch registered in the Swiss Commercial Register. Examples include UK Limiteds, Delaware LLCs, or French SARLs managed from Switzerland.

Produkt

How can companies prepare today for the new obligations under the Transparency Act?

The Transparency Act will come into force in mid-2026, but it is worth preparing now: Companies should review their ownership and control structures, document chains of participation and clearly record all beneficial owners. With Konsento's digital share register, this data can already be mapped in a structured manner, reviewed and prepared for future reporting to the transparency register – in a legally compliant and efficient manner.

Rechtliches

Which legal entities are explicitly exempt from the reporting obligations under the Legal Entity Transparency Act (LETA)?

Under LETA, listed companies whose equity securities are wholly or partly traded on a stock exchange, subsidiaries more than 75% owned by such listed companies, and occupational pension institutions are exempt. These entities are not required to report beneficial owners to the Transparency Register.

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